NOT LISTED FOR SALE

517 E Acacia Ave Hemet, CA 92543

Hemet Area
3 Beds
3 Baths
3,800 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: July 10, 2018

Last sale price $465,000 $122 Per Sq Ft

52 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Facilities

About This Home

As of July 2018

Back on market subject to cancellation of current escrow. Nice single story building with Carport and open space parking located on a large lot. Located next to schools. Onsite laundry for tenant convenience and additional revenue. Laundry machines are newer and owned by Seller.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 03/23/2018

Last Buyer's Agent

Lucas Smith

Sell My Home Real Estate License #01904757

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 12,420 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls

Home Design

  • 3,800 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 81
  • Assessor Parcel Number 446081018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $800
  • Insurance Expense $1,200
  • Maintenance Expense $1,700
  • Trash Expense $800
  • Water Sewer Expense $3,700
  • New Taxes Expense $5,445
  • Operating Expense $17,945
  • Gross Income $360
  • Net Operating Income $23,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.29 Acres

Listing Details

  • CapRate: 4.70
  • Property Attached: Yes
  • Water Sewer Expenses: 3700.00
  • Property Type: Residential Income
  • Parcel Number: 446081018
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 122.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 12420.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 800.00
  • Gross Income: 360.00
  • Gross Operating Income: 41089.00
  • Gross Scheduled Income: 42360.00
  • Insurance Expense: 1200.00
  • Laundry Income: 360.00
  • Maintenance Expense: 1700.00
  • Net Operating Income: 23150.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 17939.00
  • Other Income Description: Laundry
  • Rent Control: No
  • Total Expenses: 17945.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5445.00
  • Tax Census Tract: 434.01
  • Tax Lot: 2
  • Tax Tract Number: 081

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$309,664
Interest Rate
3.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 21, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 23, 2018
Closed on
Jul 12, 2018
Sold by
Bought by
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Lucas Smith
Sell My Home Real Estate
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%

Purchase Details

Listed on
Mar 23, 2018
Closed on
Jul 3, 2018
Sold by
Bought by
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Lucas Smith
Sell My Home Real Estate
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 23, 2018
Closed on
May 11, 2018
Sold by
Bought by
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Lucas Smith
Sell My Home Real Estate
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 1997
Sold by
Bought by

Purchase Details

Closed on
Feb 25, 1997
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 Ticor Title Riverside
-- North American Title Company
-- None Available
-- Lawyers Title
$465,000 Lawyers Title
-- None Available
-- Chicago Title Company
$216,000 Chicago Title Company
-- None Available
-- --
$72,500 Orange Coast Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $350,000
Previous Owner $24,000
Previous Owner $336,000
Previous Owner $325,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/10/2018 07/10/18 Sold $465,000 -6.1% $122 / Sq Ft
06/25/2018 06/25/18 For Sale $495,000 0.0% $130 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $495,000 -- $130 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $7,966 $552,037 $198,733 $353,304
2025 $7,966 $541,214 $194,837 $346,377
2023 $6,145 $520,200 $187,272 $332,928
2022 $5,951 $510,000 $183,600 $326,400
2021 $5,798 $495,076 $176,813 $318,263
2020 $5,735 $490,000 $175,000 $315,000
2019 $5,437 $465,000 $165,000 $300,000
2018 $2,838 $238,433 $74,089 $164,344
2017 $2,806 $233,759 $72,637 $161,122
2016 $2,786 $229,176 $71,213 $157,963
2015 $2,778 $225,737 $70,145 $155,592
2014 $2,645 $221,318 $68,772 $152,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18067130

California Regional Multiple Listing Service (CRMLS)

APN: 446-081-018

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